Mr. Ahmed Saad, CEO of The General Authority of the Suez Canal Economic Zone (SCZONE) and Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, inaugurated the new branch of Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, located within SCZONE’s headquarters in the Sokhna Industrial Zone.
The branch opening follows the company’s approval from the Financial Regulatory Authority (FRA).
This strategic expansion positions Beltone Leasing and Factoring as the first non-banking financial institution to commence operations in the SCZONE, one of Egypt’s most prominent economic growth engines and a vital gateway for industrial investment, global trade, and regional logistics.
"The opening of Beltone Leasing and Factoring’s branch within our headquarters in Sokhna is a qualitative step towards enhancing the business environment within SCZONE by providing specialized financial services that facilitate effective financing and investment solutions for investors. This move is part of SCZONE’s broader strategy to establish an integrated financial infrastructure that keeps pace with the growing needs of industrial and logistics activities. We continue to attract major financial entities to our industrial zones, reaffirming our commitment to creating a stimulating investment climate that support investments and investors, drives sustainable development, and supports the national economy." Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.
Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, commented: "We are proud to be the first leasing and factoring company to begin operations within the SCZone to finance investors. This step opens new avenues for financing industrial projects and strategic export activities, thereby contributing to economic development and supporting national growth objectives."
It is noteworthy that the opening of Beltone Leasing and Factoring’s branch at SCZONE’s headquarters in Sokhna aligns with its ongoing efforts to enhance the services ecosystem offered to investors. These efforts include the one-stop-shop service, digital transformation of investor services, presence of various banks, and the integration of industrial and logistical support services within SCZONE, all of which simplify access to services and provide an investor-friendly environment that enables efficiency, accelerates execution, and aligns with global best practices in investment facilitation.
